Global Themes
Kategori: Allmänt
Europe is reporting a decline in economic growth relative to last year. According to FactSet Economics,
the European Union recorded a decrease in GDP of 0.6% in Q4 2012, compared to growth of 0.8% in Q4
2011. During the fourth quarter earnings season, many companies stated that economic conditions
were still weak in Europe.
“The decline in Ford Europe's fourth quarter pre-tax results was more than explained by unfavorable
volume and mix. The industry for the 19 markets Ford tracks in Europe was 13.5 million units, the lowest
quarterly SAAR since 1995.” – Ford Motor (Jan. 29)
Economic growth in countries in emerging markets has also been decreasing over the past year.
According to FactSet Economics, two of the four “BRIC” countries recorded slower GDP growth and one
country recorded constant growth during this time. For Q4 2011, China, India, and Brazil recorded GDP
growth of 8.9%, 5.8% and 1.4%, respectively. By Q4 2012, GDP growth rates for China, India, and Brazil
had fallen to 7.9%, 4.1% and 1.4%.
However, the 7.9% GDP growth reported by China reflected a sequential improvement relative to the
GDP growth reported for Q3 2012 (7.4%). A number of companies have stated that they saw strength in
emerging markets in the fourth quarter, or that they expect stronger economic growth and demand for
goods in emerging markets (particularly China) in 2013.
“Growth in China is showing signs of picking up with positive implications for the rest of Asia. The general
consensus of our business leaders on China is the economy is improving and this will continue through
2013.” –DuPont (Jan. 22)
Will revenue growth continue to be weak in Europe? Will revenue growth improve in emerging markets
(China)? These will be themes to monitor during the upcoming earnings season
the European Union recorded a decrease in GDP of 0.6% in Q4 2012, compared to growth of 0.8% in Q4
2011. During the fourth quarter earnings season, many companies stated that economic conditions
were still weak in Europe.
“The decline in Ford Europe's fourth quarter pre-tax results was more than explained by unfavorable
volume and mix. The industry for the 19 markets Ford tracks in Europe was 13.5 million units, the lowest
quarterly SAAR since 1995.” – Ford Motor (Jan. 29)
Economic growth in countries in emerging markets has also been decreasing over the past year.
According to FactSet Economics, two of the four “BRIC” countries recorded slower GDP growth and one
country recorded constant growth during this time. For Q4 2011, China, India, and Brazil recorded GDP
growth of 8.9%, 5.8% and 1.4%, respectively. By Q4 2012, GDP growth rates for China, India, and Brazil
had fallen to 7.9%, 4.1% and 1.4%.
However, the 7.9% GDP growth reported by China reflected a sequential improvement relative to the
GDP growth reported for Q3 2012 (7.4%). A number of companies have stated that they saw strength in
emerging markets in the fourth quarter, or that they expect stronger economic growth and demand for
goods in emerging markets (particularly China) in 2013.
“Growth in China is showing signs of picking up with positive implications for the rest of Asia. The general
consensus of our business leaders on China is the economy is improving and this will continue through
2013.” –DuPont (Jan. 22)
Will revenue growth continue to be weak in Europe? Will revenue growth improve in emerging markets
(China)? These will be themes to monitor during the upcoming earnings season
